(CNBC) — As traditional banks face tighter restrictions and the demand for credit grows, a clear winner is beginning to emerge.
Recovering from the black eye it received during the dark days of the financial crisis, the unregulated shadow banking system continues to gather both assets and attention, the latter from industry insiders who believe the climate is right for strong growth ahead.
A recent report from the Financial Stability Board put assets for nonbank lending institutions at $75 trillion after growing more than 7 percent in 2013.
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While the FSB has been pushing hard for new rules governing shadow banks, most focus on reporting requirements so regulators can get a better understanding of how much risk is posed to the broader banking system. The board believes it's important, though, to maintain a healthy industry.